Traded Risk Models Validator

Traded Risk Models Validator
London

As a Barclays Traded Risk Models Validator, you will be primarily responsible for performing and documenting analysis, testing and validation of market risk models and counterparty credit risk models. As part of the Traded Risk Models Independent Validation Unit (IVU), you will play a critical role supporting independent review and validation activities and have an opportunity to support and contribute as part of a global, professional team with growing responsibilities.

Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. We offer careers that provide endless opportunity – helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

What will you be doing?

•    Performing and documenting the evaluation and testing of market risk models and counterparty credit risk models
•    Being responsible for performing and documenting reviews of other model types when required
•    Providing, justifying and defending your analyses and conclusions
•    Contributing towards the continuous innovation and improvement in efficiency and effectiveness of processes within the group, including discussion of overall team strategy
•    Collaborating with model stakeholders: Front Office, Quantitative Analytics, Market Risk, Counterparty Credit Risk, Line Product Control, Independent Valuation Control etc
•    Being responsible for solving complex problems, both quantitative and qualitative in nature
•    Applying programming experience in, for example Python, R, or Matlab to ensure effective analysis and validation

What we’re looking for:

•    MSc or above in mathematics, statistics, physics, or quantitative finance subject
•    Developed mathematical skills, including in probability, statistics, differential and integral calculus, linear algebra, stochastic calculus, and numerical methods
•    Applied programming skills in languages / packages such as Python, R, or Matlab
•    Ability to conduct independent analysis, testing, and research

Skills that will help you in the role:

•    Excellent interpersonal skills and an ability to collaborate or team up with, build and maintain a network of stakeholders 
•    Ability to assess and prioritise model issues in terms of significance and impact
•    Developed document writing skills
•    Ability to simplify and explain complex technical concepts to senior management

Where will you be working?

In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.

#LI-Hybrid